“Check your financial priviledge” from Amazon because I was curious surely such a good tittle could not be wasted on something that’s pure crap right?
Alex Gladstein has a lot to say about Bitcoin, human rights, financial privilege, and personal freedom. In Check Your Financial Privilege, he says it, starting with the fact that anyone born into a reserve currency like the euro, yen, or pound has financial privilege over the 89% of the world population born into weaker systems.
In Nigeria, human rights activists depend on Bitcoin for donations after crackdowns by authoritarian regimes. In Cuba, after a dual-currency system devalued the peso, those who saved in Bitcoin managed to stay afloat. In El Salvador, where remittance fees and exchange rates can eat away a simple money transfer to family members in need, Bitcoin offers hope with lower fees and faster transactions (and now it’s legal tender).
As CSO of the Human Rights Foundation, Gladstein is uniquely positioned to detail the rise of Bitcoin from cypherpunk dream to the real-life Bitcoin stories happening to real people across the globe. For people around the world, outside of Wall Street, Bitcoin offers a means of freedom from inflation, political strife, and an outdated monetary system. For these people, the majority of the world’s population, it might even save their lives.
So close yet so far? That is always the theme with these chuds. They sometimes successfully identity problems and then turn to the worst possible solutions.
Two potentially good paragraphs ruined by brainworms over wall street and “freedom”.
Pre-crypto too people in the global south with constantly depreciating currencies used to purchase Dollars and Euros as a safe haven asset. There’s a reason why Argentine peso has a black market exchange rate.
Crypto is very useful for sanctions evasion but even then there black markets for fiat currencies. There are much greater risks to holding crypto (volatility, theft mainly), so people would quickly convert it to the fiat currencies they want.
“Check your financial priviledge” from Amazon because I was curious surely such a good tittle could not be wasted on something that’s pure crap right?
So close yet so far? That is always the theme with these chuds. They sometimes successfully identity problems and then turn to the worst possible solutions. Two potentially good paragraphs ruined by brainworms over wall street and “freedom”.
Pre-crypto too people in the global south with constantly depreciating currencies used to purchase Dollars and Euros as a safe haven asset. There’s a reason why Argentine peso has a black market exchange rate.
Crypto is very useful for sanctions evasion but even then there black markets for fiat currencies. There are much greater risks to holding crypto (volatility, theft mainly), so people would quickly convert it to the fiat currencies they want.